Anticipating Economic Updates Ahead of Christmas Break - PandaForecast.com
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Anticipating Economic Updates Ahead of Christmas Break

December 17, 2023

Getting Ready for the Holidays: A Peek at the Economy

With the holiday cheer in the air, the economic calendar for the coming week is packed with pivotal data from the housing, manufacturing, and consumer sectors. Right before the Christmas break, these insights could shape our festive conversations.

The spotlight falls on the core Personal Consumption Expenditures (PCE) update—a barometer the Fed trusts to measure inflation. It looks like November might show a subtle uptick of 0.2%, pulling the yearly figure down to 3.4%.

More intriguing is the six-month trend, potentially coasting just above 2.0%, which is right where the Fed likes it. If these PCE numbers hit their mark, whispers of an interest rate cut could start to bubble up.

Markets Buzz and Worldwide Financial Moves

It’s a safe bet, with a 95% certainty according to federal funds futures, that the Fed might lower interest rates at the May FOMC meeting. Across the seas, all eyes are on the Bank of Japan—could they finally shake off their negative interest rates?

Back home, market-watchers are eager for financial tales from the likes of FedEx, Nike, Carnival, and Micron Technology, each ready to spill the beans on their earnings.

A Toast to Shareholders: Dividend Delights

Shareholders, keep your eyes peeled for a payday boost! Companies like ServisFirst Bancshares, WEC Energy, Fulton Financial, and FMC Corp. are gearing up to announce beefier quarterly dividends. It looks like it’s going to be a merry season for investor wallets.

The Last of the Year’s IPOs and Equity Market Moves

Linkage Global, a name to watch in e-commerce, is queuing up what could be the year’s final IPO bell, with 1.5 million shares priced to move. Meanwhile, Elevai Labs steps into the analyst spotlight as their quiet period ends, potentially triggering a flurry of new ratings.

Industry Happenings: A Light Calendar Before the Holidays

The pre-holiday week is taking it easy on events, but there are a couple of standouts. The Bank of America Hydrogen Conference will host industry giants like Plug Power and CF Industries, while AutoZone and Guidewire Software are squeezing in their annual meetings just before Santa’s sleigh takes flight.



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